Foreclosures

In New Jersey once a sale is completed the Sheriff will prepare a Sheriff’s Deed and send the same to the Plaintiff’s counsel for recording. The chart below shows the delays the Sheriff’s Offices are currently experiencing in preparing the Sheriff Deeds.

In New Jersey once a sale is completed the Sheriff will prepare a Sheriff’s Deed and send the same to the Plaintiff’s counsel for recording. The chart below shows the delays the Sheriff’s Offices are currently experiencing in preparing the Sheriff Deeds.

Atlantic No DelayBergen Six MonthsBurlington No DelayCamden No DelayCape May No DelayCumberland One MonthEssex One-Two MonthsGloucester No DelayHudson One MonthHunterdon No DelayMercer Three MonthsMiddlesex No DelayMonmouth No DelayMorris One MonthOcean Three MonthsPassaic No DelaySalem One MonthSomerset Two MonthsSussex Three MonthsUnion Three MonthsWarren Four Months

In New Jersey we send the signed Judgment along with the Writ to the County Sheriff to request that they schedule a foreclosure sale. The time within which the respective Sheriff schedules a sale date varies widely by County. Below please find the most up to date time delays faced by each Sheriff. As always if you have any questions please contact our office directly.

In New Jersey we send the signed Judgment along with the Writ to the County Sheriff to request that they schedule a foreclosure sale. The time within which the respective Sheriff schedules a sale date varies widely by County. Below please find the most up to date time delays faced by each Sheriff. As always if you have any questions please contact our office directly.

CPLR 205(a) (aka the “Savings Statute”), provides an additional six (6) month period to recommence an action where an action is dismissed for grounds other than voluntary discontinuance, lack of personal jurisdiction, neglect to prosecute, or a final judgment. This grace period has proven helpful in older mortgage foreclosure actions that remain pending long after the Statue of Limitations would have ran.

On February 8, 2017 the Second Department ruled in Wells Fargo Bank v. Eitani (507424/2013) that Savings Statute’s grace period is extended to Plaintiff’s assignees or successors in interest. While the ability of an assignee or successor in interest to use the grace period was never specifically in doubt, this decision further cements our investors’ ability to protect their asset should an inherited action have been improperly commenced.